After peaking last November AFRM has crashed over 90% in a move reminiscent of the Dot.Com bubble i.e. just because a company said they were going to expand into the BNPL market didn’t mean the roads would be paved with gold although AFRM remains a $US6.2bn goliath in the space. This is now a space that has the jitters, the question today is will the previously hot lithium space follow in the footsteps of bitcoin and the BNPL space?
MM is neutral Affirm (AFRM US)
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